[Featured Stock] "Earnings Improvement Expected" Hyundai Mobis Up Over 5%

As the proportion of electrical and electronic equipment in Hyundai Motor Group's finished vehicles increases, the performance of the parts manufacturing division is expected to improve, leading to a strong rise in Hyundai Mobis' stock price on the 2nd.

As of 10:30 AM that day, Hyundai Mobis was trading at 248,500 KRW, up 12,000 KRW (5.07%) from the previous trading day.

On the same day, Korea Investment & Securities maintained a buy rating and a target price of 310,000 KRW for Hyundai Mobis, stating, "Unlike the increasingly competitive finished vehicle market, the after-sales service (AS) sector offers a favorable environment in terms of sales volume (Q), sales price (P), and costs (C)." They forecast operating profit of 3.331 trillion KRW and an operating margin of 5.5% for this year.

Kim Chang-ho, a researcher at Korea Investment & Securities, said, "Due to the increased average selling price (ASP) of Hyundai Motor and Kia, the prices of Hyundai Mobis parts are also rising. Along with improved brand loyalty for finished vehicles, demand for genuine parts is also increasing." He added, "The long-term growth outlook is positive. With Hyundai Motor Group's transition to software-defined vehicles (SDV), sales of electronic components such as communication controllers by Hyundai Mobis are expected to expand."